3D facial recognition tool from the software segment is expected to grow at the highest CAGR in the facial recognition market during the forecast period

The 3D facial recognition software tool has various applications in the areas of border monitoring, document verification, and identity management.

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One of the main reasons for the wide adoption of 3D facial recognition technology is the quality of image captured using 3D technology, which is not dependent on the illuminationand allows clear quality images to be captured at nights or in places where there is very less or no illumination.

Training and consulting services is expected to hold the largest market share in the facial recognition market during the forecast period

North America is expected to contribute the largest market share by 2021 and APAC will continue to grow at the highest rate during the forecast period from 2016 to 2021

The North American region contains developed countries which have a deep-rooted infrastructure, thus favoring the huge demand in the facial recognition market. Top contributing countries to the facial recognition market in North America include the U.S.

and Canada. The cause for the dominance of these countries is their well-established economies which allow investments in new technologies. The Asia-Pacific (APAC) region has a great scope for growth of the facial recognition market in terms of practices of facial recognition software.

The facial recognition market in APAC is expected to rise significantly, due to huge governmental investments in security & surveillance infrastructure, increased public awareness, and emergence of enhanced technologies backed by analytics.